In a bold move signaling confidence in the US real estate market, the UAE-based DAMAC Properties has announced plans to invest $20 billion in various real estate ventures across the United States. The investment is part of DAMAC’s strategic expansion into international markets and reinforcing Dubai’s growing footprint in global real estate.
DAMAC Chairman Hussain Sajwani, a prominent business leader and billionaire, celebrated New Year’s Eve alongside former US President Donald Trump. The two, who have previously collaborated on luxury golf courses in Dubai, shared their enthusiasm for future ventures, highlighting the deepening ties between DAMAC and the US real estate sector.
DAMAC Properties, with a total worth exceeding $2 billion is renowned for its high-end developments and iconic projects. The company has played a pivotal role in shaping Dubai’s skyline, and its U.S. investment aims to replicate the same level of luxury and innovation on American soil.
Chairman Sajwani stated that this $20 billion investment reaffirms our belief in the potential of the US real estate market. It’s an opportunity to bring DAMAC’s brand of excellence to a new audience.
This move aligns with Dubai’s broader strategy to strengthen economic and cultural ties with the US and showcase the emirate’s commitment to global partnerships. As DAMAC makes its mark in the US the real estate market is set to witness a wave of transformative projects inspired by Dubai’s world-class standards.
MediaBites will keep an eye on this exciting development and share updates as the story unfolds.
